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20121121
20121129
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CNBC
Nov 21, 2012 6:00am EST
. yesterday prosecutors charged a former employee of the firm with insider trading. but steve coen is said to have personally signed off on the series of transaction. the government alleges that former s.a.c. employee helped the firm avoid losses and bring profits in totaling $276 million by using insider tips he got from a doctor about test results. prosecutors are calling this the most lucrative insider trading scheme ever. and the last time that people said well, of course we do -- what, they pay research organizations. >> expert networks and all this. >> expert networks. people that are paid to know how -- do you could even go and talk to -- i guess can you talk to some of the patients that are in the clinical trial and get some anecdotal evidence? >> you might be allowed to do that. this is different. >> this is the guy who's running it. >> and he's telling the investor what to do. the question i have -- and i've known steve coen for a long time. i have a huge amount of respect for him. >> does he know what he's getting? >> thus far they've been trying to go after steve forever. and i
CNBC
Nov 27, 2012 6:00am EST
estimates. that total of course could grow. steve liesman has been crunching the newspaperup i numbers and hn the next hour. this is to try to build up some sort of protection, some massive floodwalls. governor cuomo was saying this would be like $9.1 billion to start building. >> questions about the future of the sec following mary shapiro's exit. elyse walter could run the agent until december 2013 when she would have to be renominated and reapproved by the senate. among the issues, and ongoing battle over regulating the $2.5 trillion money market fund industry, some 63 unfinished rule making requirements that are all part of dodd-frank and continuing fears of course about market stability and high frequency trading. p. >> money markets used to be covered by the fdic when the crisis first came on. >> and also worth pointing out, there was one failure of mary sha piro's time in office, shall was this was it. she wanted to regulate that business. you remember that vote. if there was any regulation, the money market industry claimed they would go out of business because there wo
CNBC
Nov 26, 2012 6:00am EST
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CNBC
Nov 23, 2012 6:00am EST
wallets. >> we'll continue the conversation with dana and steve. what else we got going on? >> we're going to check on global markets. we are a bit above fair value here, about 8 points. 2 on the nasdaq and the tp would open -- so would you say that's mixed, right? >> i'd say barely bunch oiged. >> what are we waiting for? >> monday for the holidays to be over. a shortened trading day. europe is down just barely. and asia, which has been trading for quite a while longer here, authorize's they're up a little bit. now let's take a look at oil. it's down a little bit. brent right around the 110 mark people have been watching. natural gas down, as well. and the ten year, my favorite gauge, 1.673. nothing's changed. the dollar, what's happening with the dollar here? 1.28. a little more strength -- not much really. >> although that's a stronger euro. big story has been the dollar-yen. some sense that there will be serious spending out of japan. finally, gold. a measure of a lot of things here. up five bucks. time for the global markets report and we have ross westgate standing by in london
CNBC
Nov 29, 2012 6:00am EST
too vulnerable right now. and, you know, steve liesman was on tv the other day. he was talking about the fact that consumers are not worried. they're only spending because they haven't understood that taxes are going to go up. we're at kind of a vulnerable state. >> the cut on the payroll taxes, that's going to go away. >> huge. >> the only stealth wage increase we've had has been a tax cut on the payroll increase, so it's very, very important. >> look at chris -- they're turning out good and your consumer confidence is up and housing is bouncing back. why are you still so scared? >> because i want it to continue, and i think that we're all making the mistake of 1938 when things started to look up a little bit. >> 1938? you weren't -- your parents weren't around. that were barely born then. what to you know about 1938? >> i read my books, my fdr. that's exactly what happened. they said, oh, things are better and let's tighten the budge and it brought the second wave of the great recession. i hope it doesn't go that way. >> we've got to end it there. there was a guest natasha at the s
CNBC
Nov 28, 2012 6:00am EST
, s.a.c. management and it's unclear whether steve cohen himself will be on the call will be briefing investors of what's going on of late, notably this case filed last week. and this case is important because for the first time it would appear that steve cohen the fund founder has implicated himself in one of the trades involved, although we don't know what knowledge he had and whether he knew that martoma alleged improper information. having said all that, it's unclear what s.a.c. is facing in terms of investor redemptions. i reported last week on one money manager who under pressure from individual investors in its fund were redeeming capital. now, the next window to take capital back is actually not until early 2013, but that party filed a bit early. as of yet i was hearing there are other individual investors who are in s.a.c. either through funds of funds or in this case through private brokers who are feeling very uncomfortable about it. and they are almost looking at s.a.c. as a stock that could go to zero if these legal issues get serious enough. now, their advisers, money ma
Search Results 0 to 5 of about 6